TermMax interests me for one simple reason: it tries to give capital more certainty.
In DeFi, we’re used to looking at APY, but the rate itself means little if tomorrow it changes.
With TermMax borrowing and lending can be built around a predefined rate and term.
For the borrower, that means a clearer cost of capital.
For the lender—known in advance returns.
And then FT, Range Orders, and other mechanics appear, turning this simple idea into a full-fledged market.
I like this approach: don’t try to make DeFi more complicated just for the sake of complexity—take a familiar financial principle and bring it on-chain.
Predictability of capital is an underrated thing in DeFi.
@TermMax #TermMax
In DeFi, we’re used to looking at APY, but the rate itself means little if tomorrow it changes.
With TermMax borrowing and lending can be built around a predefined rate and term.
For the borrower, that means a clearer cost of capital.
For the lender—known in advance returns.
And then FT, Range Orders, and other mechanics appear, turning this simple idea into a full-fledged market.
I like this approach: don’t try to make DeFi more complicated just for the sake of complexity—take a familiar financial principle and bring it on-chain.
Predictability of capital is an underrated thing in DeFi.
@TermMax #TermMax